All Articles Tagged - NZDUSD

Forex Market Review (Asian Session) – Dollar tumbles on rising US – North Korea tensions; pound flat ahead of May’s Brexit speech

Posted on September 22, 2017 at 8:05 am GMT

The risk-off sentiment reemerged on Friday in Asia, as the North Korean leader Kim Jong Un delivered another threatening message to the US following Trump’s warning at his debut speech at the UN General Assembly on Monday. The dollar lost ground against a basket of major currencies, paring gains made after the Fed’s decision to start unwinding its balance sheet on Wednesday. Meanwhile, the pound remained steady ahead of the widely expected speech by the British Prime Minister on Brexit later today. Investors were in a risk-averse mode during the [..]

Technical Analysis – NZDUSD turning neutral; September’s bullish run at risk of deeper pullback

Posted on September 21, 2017 at 9:08 am GMT

NZDUSD failed to hold gains made after a rally from 0.7131 to 0.7434 that took place during August 31 until September 20. The market became overbought and reversed back down. This was indicated on the 4-hour chart where the RSI oscillator reached extreme conditions above 70. The near-term risk is clearly to the downside as RSI has a steep downward slope. The recent move lower could be seen as a corrective move of the recent uptrend. A bounce back above [..]

Forex Market Review (Asian Session) – Dollar shines as Fed meets expectations; yen fails to find support on BOJ decision

Posted on September 21, 2017 at 8:06 am GMT

The dollar advanced against a basket of major currencies on late Wednesday, rising to a one-week high after the Fed’s rate-setting committee decided to set October as the starting date of unwinding their overloaded balance sheet, while they also agreed to keep interest rates unchanged as markets had projected. Likewise, the BOJ’s monetary decision early on Thursday matched expectations, with the central bank maintaining its monetary strategy steady. However, the BOJ’s monetary outcome had little impact on market actions. In [..]

Forex Market Review (Asian Session) – Dollar eases ahead of FOMC decision; oil up after Iraq says to cut oil supply

Posted on September 20, 2017 at 7:55 am GMT

While geopolitical tensions escalated after the US President used stronger language against North Korea at his first speech in front of global leaders at the UN on Tuesday, the dollar showed relatively little reaction slipping near its two-year lows. Markets instead were more cautious about the FOMC decision to be announced later today, while they were also looking forward to the BOJ policy meeting scheduled for Thursday. Meanwhile, oil prices headed higher after OPEC member Iraq said it would take further action to limit its supply. The dollar index was [..]

Forex Market Review (European Session) – Dollar retreats ahead of Fed announcement tomorrow

Posted on September 19, 2017 at 2:53 pm GMT

The US dollar posted modest losses during today’s session as traders were fixated on tomorrow’s announcement by the Federal Reserve. The dollar made its highs towards the end of today’s Asian session, but lost ground after that. Dollar/yen, in particular, saw significant profit-taking after the substantial gains of the previous days. From 111.83 the pair fell to as low as 111.23, rebounding to 111.40. Euro/dollar also peaked above 1.20 earlier in the day but was not far from that level [..]

Forex Market Review (Asian Session) – Safe-havens pull back as US seeks peace with N.Korea; dollar steady ahead of FOMC

Posted on September 18, 2017 at 7:57 am GMT

On Monday, safe-haven currencies were trading lower as UN leaders were preparing to kick off a meeting on Tuesday to discuss possible solutions on North Korea’s nuclear programs, with the US seeking a peaceful resolution. The dollar was hovering sideways ahead of the FOMC meeting. With the economic calendar lacking significant releases during the Asian session, the dollar index was mainly flat at 91.88 as investors were waiting for the two-day FOMC meeting ending on Wednesday. Although investors anticipate Fed policymakers to keep rates unchanged, they will be focused [..]

Week Ahead – FOMC: balance sheet announcement and rate projections eyed; BoJ to stand pat

Posted on September 15, 2017 at 2:59 pm GMT

The Federal Reserve is expected to make its long-awaited announcement on its balance sheet reduction plan next week, though investors will probably be more interested in the FOMC’s latest dot plot chart. The Bank of Japan also holds a monetary policy meeting but it will likely be a less exciting event than the Fed’s. On the data front, Eurozone flash PMIs, UK retail sales, Canadian inflation and New Zealand GDP will be the highlights. Eurozone data unlikely to shift euro [..]

Forex Market Review (Asian Session) – Dollar posts short-lived losses after North Korea’s missile; focus on US retail sales

Posted on September 15, 2017 at 8:01 am GMT

North Korea carried a second missile test in less than a month early on Friday, lifting risk-off sentiment and pushing the dollar lower against its safe-haven counterparts. However, the currency managed to reverse its losses immediately, with investors turning their focus on US retail sales after CPI readings came in higher than expected on Thursday. During early Asian trading hours, officials from South Korea and Japan reported that North Korea fired a ballistic missile that crossed over Japan’s northern island [..]

Technical Analysis – NZDUSD consolidates after recent bounce above 0.72 but downside risk remains

Posted on September 14, 2017 at 8:47 am GMT

NZDUSD is consolidating between 0.7200 and 0.7340. The bounce from the August 31 low of 0.7131 lost steam and failed to rise above what has been a key resistance level at 0.7340. The intra-day risk is to the downside as the Tenkan-sen line has crossed below the Kijun-sen line on the 4-hour chart. RSI is in bearish territory after dipping below 50 but downside momentum has weakened as the oscillator is now flat. The Ichimoku-cloud analysis on the 4-hour chart [..]

Forex Market Review (Asian Session) – Dollar index steady above 92 key-level; sterling flat ahead of BOE decision

Posted on September 14, 2017 at 7:51 am GMT

On Thursday, the dollar index was moving sideways above the 92 key-level in Asia, as investors ignored another aggressive warning from North Korea and instead were cautious whether US inflation data released later today would change the chances of the Fed raising interest rates again this year. Meanwhile, the pound was flat at yesterday’s lows ahead of the Bank of England’s policy meeting later today. Early in Asia, the North Korean regime threatened to use its nuclear weapons to “sink” [..]

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